Abrdn to buy Interactive Investor for £1.49bn

clock • 1 min read

The proposed acquisition of Interactive Investor by European investment giant, abrdn, is set to go ahead in a deal worth £1.49bn.  According to a statement from Interactive Investor, the transaction will see abrdn acquire 100% of the ordinary share capital of ii, which includes that of majority stakeholder, JC Flowers IC LP. ii will operate as a standalone business and independent brand within abrdn, with Richard Wilson continuing to lead ii through the next phase of its development, under abrdn's ownership. The transaction is subject to receipt of customary regulatory and anti-tru...

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